There are currently 112 single-family homes for sale in Lakeway. Prices range from $212,000 for a 1797 square foot home built in 1984 with 3 bedrooms and 2 full bathrooms to $3.2 million for a stunning Lake Travis waterfront home with just over 6500 square feet, 4 bedrooms and 6 bathrooms. Of these homes, 3 are under construction, 6 are to be built, 5 are new and the rest are resale.
As for Lakeway homes that have sold in the last 30 days, 28 homes have sold and 20 are under contract. That gives the city of Lakeway a 4 month supply of inventory, which is pretty low considering how many other markets are doing. For the same time period a year ago only 12 homes sold.
The average sold price of homes in Lakeway that sold during the last 30 days was $490,517. The average sold price per square foot was $146.12. Homes sold at 91% of list price and took 86 days to sell. For the same time period last year the average sold price of a Lakeway home was $559,250 and the average sold price per foot was $160.09. Homes sold last year sold at 91$ of list price and were on the market for 117 days before selling.
So what does this tell me? More homes have sold this year because sellers are more realistic about pricing their homes. Prices are down by 14%, but homes are selling more quickly.
Lakeway is a city on Lake Travis around 40 minutes west of downtown Austin. It is served by the outstanding Lake Travis ISD schools.
Sam Chapman is an